Cable / Telecom News

Q3 revenue up but profits flat at Telus


VANCOUVER – Despite growth in operating revenue, Telus posted flat profits in the third quarter ended September 30, 2104.Consolidated operating revenue increased 5.4% to $3.02 billion, while net income of $355 million was flat year-over-year.  Adjusted net income increased by 6.0% to $387 million.  Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 2.9% to $1.07 billion, though EBITDA excluding restructuring and other like costs increased by 4.3% to $1.1 billion.Telus said that consolidated revenue growth was generated by strength in both its wireless and wireline operations, with network wireless revenue up 6.6% to $1.54 billion and wireline revenue...